secwatch.observer — SEC 8-K summary
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Issuer:     RPC INC (RES)
CIK:        0000742278
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001104659-22-082955
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RPC Q2 net income $46.9M, EPS $0.22; reinstates quarterly dividend at $0.02/share
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- Net income $46.9M ($0.22 diluted EPS) vs $15.1M ($0.07) in Q1 2022; revenue $375.5M (+31.9% sequential).
- EBITDA $80.6M, up 87.4% from $43.0M in Q1.
- Technical Services revenue $356.1M (+33.7% sequential); operating profit $59.8M vs $21.8M Q1.
- Board declares first regular quarterly dividend since 2019 at $0.02/share.
- Reactivated pressure pumping fleet; plans refurbishment and new fleet in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/742278/000110465922082955/0001104659-22-082955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/742278/000110465922082955/tm2221847d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-082955

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer